Lokken Investment Group LLC Buys 231 Shares of Exxon Mobil Co. (NYSE:XOM)

Lokken Investment Group LLC lifted its stake in shares of Exxon Mobil Co. (NYSE:XOM) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,814 shares of the oil and gas company’s stock after purchasing an additional 231 shares during the period. Lokken Investment Group LLC’s holdings in Exxon Mobil were worth $1,486,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of XOM. Geode Capital Management LLC lifted its holdings in Exxon Mobil by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 93,299,598 shares of the oil and gas company’s stock worth $10,023,875,000 after buying an additional 1,104,617 shares in the last quarter. Diametric Capital LP bought a new stake in shares of Exxon Mobil during the fourth quarter worth $676,000. Nemes Rush Group LLC lifted its stake in shares of Exxon Mobil by 211.1% during the fourth quarter. Nemes Rush Group LLC now owns 72,559 shares of the oil and gas company’s stock valued at $7,805,000 after acquiring an additional 49,239 shares during the period. StoneX Group Inc. boosted its holdings in Exxon Mobil by 55.6% in the fourth quarter. StoneX Group Inc. now owns 78,447 shares of the oil and gas company’s stock valued at $8,439,000 after acquiring an additional 28,015 shares during the last quarter. Finally, HighPoint Advisor Group LLC increased its position in Exxon Mobil by 1.6% in the fourth quarter. HighPoint Advisor Group LLC now owns 179,571 shares of the oil and gas company’s stock worth $20,033,000 after purchasing an additional 2,909 shares during the period. 61.80% of the stock is owned by institutional investors.

Exxon Mobil Trading Up 1.2 %

NYSE:XOM opened at $119.09 on Tuesday. The company has a market cap of $516.73 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 3.02 and a beta of 0.83. Exxon Mobil Co. has a twelve month low of $103.67 and a twelve month high of $126.34. The business has a 50 day moving average price of $110.87 and a two-hundred day moving average price of $113.80. The company has a quick ratio of 0.97, a current ratio of 1.31 and a debt-to-equity ratio of 0.14.

Exxon Mobil (NYSE:XOM) last released its earnings results on Friday, January 31st. The oil and gas company reported $1.67 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.10). Exxon Mobil had a net margin of 9.63% and a return on equity of 12.92%. During the same quarter in the prior year, the company posted $2.48 earnings per share. As a group, analysts expect that Exxon Mobil Co. will post 7.43 EPS for the current fiscal year.

Exxon Mobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Wednesday, February 12th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $3.96 annualized dividend and a yield of 3.33%. Exxon Mobil’s payout ratio is presently 50.51%.

Insider Activity at Exxon Mobil

In other news, VP Darrin L. Talley sold 2,100 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $110.00, for a total transaction of $231,000.00. Following the sale, the vice president now owns 18,087 shares in the company, valued at $1,989,570. This represents a 10.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

XOM has been the subject of several recent research reports. Barclays dropped their price objective on Exxon Mobil from $137.00 to $135.00 and set an “overweight” rating for the company in a report on Tuesday, March 18th. The Goldman Sachs Group dropped their price target on shares of Exxon Mobil from $125.00 to $123.00 and set a “neutral” rating for the company in a research note on Friday, January 31st. Piper Sandler lowered their target price on shares of Exxon Mobil from $138.00 to $127.00 and set an “overweight” rating for the company in a report on Thursday, December 19th. Truist Financial increased their price target on Exxon Mobil from $117.00 to $119.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, UBS Group decreased their price objective on Exxon Mobil from $149.00 to $147.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Exxon Mobil presently has a consensus rating of “Moderate Buy” and an average target price of $129.05.

Exxon Mobil Company Profile

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States and internationally. It operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. The Upstream segment explores for and produces crude oil and natural gas.